Persimmon (OTCMKTS:PSMMY) Stock Price Up 0.6% – Time to Buy?

Persimmon Plc (OTCMKTS:PSMMYGet Free Report) rose 0.6% during trading on Monday . The stock traded as high as $32.08 and last traded at $31.40. Approximately 7,699 shares were traded during trading, a decline of 55% from the average daily volume of 17,143 shares. The stock had previously closed at $31.21.

Analysts Set New Price Targets

Several analysts have recently commented on PSMMY shares. Royal Bank of Canada lowered Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd. Citigroup upgraded Persimmon from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd.

Read Our Latest Stock Report on Persimmon

Persimmon Price Performance

The business’s 50 day moving average is $30.35 and its 200 day moving average is $37.19.

About Persimmon

(Get Free Report)

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.

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